Triple Flag Precious Metals (NYSE:TFPM) Shares Gap Down - Should You Sell?

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $21.44, but opened at $20.96. Triple Flag Precious Metals shares last traded at $21.77, with a volume of 54,712 shares changing hands.

Analyst Ratings Changes

TFPM has been the subject of a number of research reports. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.00.

Triple Flag Precious Metals Stock Performance

The firm has a market capitalization of $4.41 billion, a P/E ratio of -199.46, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25. The firm has a 50-day moving average of $18.70 and a 200-day moving average of $17.14.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.055 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a dividend yield of 1.00%. Triple Flag Precious Metals's payout ratio is -200.00%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Large investors have recently made changes to their positions in the business. Mackenzie Financial Corp boosted its stake in Triple Flag Precious Metals by 3.5% during the 4th quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock valued at $489,000 after purchasing an additional 1,101 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Triple Flag Precious Metals by 339.8% during the 4th quarter. Toronto Dominion Bank now owns 65,977 shares of the company's stock valued at $991,000 after acquiring an additional 50,977 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth approximately $255,000. Principal Street Partners LLC raised its holdings in shares of Triple Flag Precious Metals by 4.2% during the fourth quarter. Principal Street Partners LLC now owns 24,755 shares of the company's stock valued at $372,000 after purchasing an additional 1,001 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Triple Flag Precious Metals by 39.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,764 shares of the company's stock valued at $1,275,000 after purchasing an additional 24,017 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.